KKR & Co. Inc. (NYSE:KKR) Price Target Raised to $160.00 at The Goldman Sachs Group

KKR & Co. Inc. (NYSE:KKR) had its price target lifted by stock analysts at The Goldman Sachs Group from $145.00 to $160.00 in a report issued on Friday, Benzinga reports. The brokerage currently has a “buy” rating on the asset manager’s stock. The Goldman Sachs Group’s price objective would suggest a potential upside of 14.26% from the company’s current price.

Several other equities research analysts have also recently weighed in on the company. Hsbc Global Res upgraded KKR & Co. Inc. to a “strong-buy” rating in a report on Wednesday, September 18th. TD Cowen increased their price objective on KKR & Co. Inc. from $145.00 to $154.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. StockNews.com upgraded KKR & Co. Inc. to a “sell” rating in a report on Monday, October 7th. JMP Securities increased their price objective on KKR & Co. Inc. from $135.00 to $150.00 and gave the stock a “market outperform” rating in a report on Wednesday, October 9th. Finally, Morgan Stanley increased their target price on KKR & Co. Inc. from $107.00 to $143.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 10th. One analyst has rated the stock with a sell rating, two have issued a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, KKR & Co. Inc. presently has an average rating of “Moderate Buy” and a consensus price target of $146.43.

KKR & Co. Inc. Trading Down 2.3 %

KKR stock traded down $3.25 during trading on Friday, hitting $140.03. 796,091 shares of the company traded hands, compared to its average volume of 4,349,259. The firm has a market capitalization of $124.26 billion, a PE ratio of 31.40, a P/E/G ratio of 1.14 and a beta of 1.62. KKR & Co. Inc. has a 1 year low of $53.72 and a 1 year high of $147.15. The company has a 50-day moving average of $128.07 and a 200-day moving average of $113.73. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.07 and a current ratio of 0.07.

KKR & Co. Inc. (NYSE:KKR) last released its quarterly earnings data on Wednesday, July 31st. The asset manager reported $1.09 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.20. KKR & Co. Inc. had a return on equity of 5.05% and a net margin of 17.99%. The business had revenue of $4.17 billion during the quarter, compared to analysts’ expectations of $1.07 billion. During the same quarter last year, the business posted $0.58 EPS. Analysts predict that KKR & Co. Inc. will post 3.97 earnings per share for the current fiscal year.

Insider Buying and Selling at KKR & Co. Inc.

In other KKR & Co. Inc. news, major shareholder Kkr Group Partnership L.P. bought 11,619,998 shares of the business’s stock in a transaction on Wednesday, September 11th. The shares were acquired at an average cost of $11.13 per share, for a total transaction of $129,330,577.74. Following the purchase, the insider now owns 92,959,984 shares in the company, valued at approximately $1,034,644,621.92. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other KKR & Co. Inc. news, major shareholder Kkr Group Partnership L.P. bought 11,619,998 shares of the business’s stock in a transaction on Wednesday, September 11th. The shares were acquired at an average cost of $11.13 per share, for a total transaction of $129,330,577.74. Following the purchase, the insider now owns 92,959,984 shares in the company, valued at approximately $1,034,644,621.92. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Genetic Disorder L.P. Kkr sold 5,800,000 shares of the stock in a transaction on Friday, September 13th. The shares were sold at an average price of $25.75, for a total value of $149,350,000.00. Following the sale, the insider now owns 25,260,971 shares in the company, valued at approximately $650,470,003.25. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 39.34% of the company’s stock.

Hedge Funds Weigh In On KKR & Co. Inc.

Institutional investors and hedge funds have recently modified their holdings of the company. Versant Capital Management Inc boosted its stake in shares of KKR & Co. Inc. by 622.9% in the 2nd quarter. Versant Capital Management Inc now owns 253 shares of the asset manager’s stock worth $27,000 after buying an additional 218 shares during the last quarter. Mather Group LLC. boosted its stake in shares of KKR & Co. Inc. by 371.4% in the 2nd quarter. Mather Group LLC. now owns 264 shares of the asset manager’s stock worth $27,000 after buying an additional 208 shares during the last quarter. ORG Wealth Partners LLC purchased a new position in shares of KKR & Co. Inc. in the 3rd quarter worth $31,000. Raleigh Capital Management Inc. boosted its stake in shares of KKR & Co. Inc. by 56.7% in the 3rd quarter. Raleigh Capital Management Inc. now owns 235 shares of the asset manager’s stock worth $31,000 after buying an additional 85 shares during the last quarter. Finally, Eastern Bank purchased a new position in shares of KKR & Co. Inc. in the 3rd quarter worth $34,000. 76.26% of the stock is currently owned by hedge funds and other institutional investors.

About KKR & Co. Inc.

KKR & Co Inc is a private equity and real estate investment firm specializing in direct and fund of fund investments. It specializes in acquisitions, leveraged buyouts, management buyouts, credit special situations, growth equity, mature, mezzanine, distressed, turnaround, lower middle market and middle market investments.